Parkland Man Operates a Multi-Million Dollar Ponzi Scheme Alleges Attorneys, Victims
Gil J. Peter of Parkland, Florida.

By Sharon Aron Baron

Victims from around the U.S. allege that a self-proclaimed venture capitalist from Parkland has cost them millions in promised returns for investments they made with him.

They allege Gilbert J. Peter Jr.’s wealth is all a facade and that he finances his opulent lifestyle on the backs of investors, including two million-dollar homes in Parkland and Pompano Beach and private school tuition at North Broward Prep for his children, all while promising high returns on investments.

When victims try to get their investments back, he consistently gives excuses or bounces checks and accuses his office manager of embezzling their funds, they allege.

Although there are documented judgments, lawsuits, and court orders against Peter, victims allege he continues to attract people into various “investment opportunities.”

Derek Andersen

In 2016, Parkland resident Derek Andersen met Gil J. Peter while coaching six and seven-year-old flag football.

According to Andersen, Peter seemed like a friendly guy. As they got to know one other, Andersen told him about his son, who needed a follow-up surgery to correct a bone cyst in his femur as the first one had been unsuccessful.

Peter said he had connections at the University of Miami and offered to help and was praying for Andersen’s son and the family.

“I thought, ‘What a great guy,’” said Andersen.

As Andersen and Peter got to know one other, Peter told him he was a venture…

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